Top 5 VA Lenders in New York 2019
If you’re an active or retired member of the United States Armed Forces looking to purchase a home in New York, there are some amazing mortgage solutions available to you. New York is home to around 19.8 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 4.4 percent between December of 2017 through 2018 and are forecasted to rise another 3.2% through 2019.
The rising home values make it essential for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, since VA loans offer amazing benefits that include low interest rates, zero down payment requirements, no prepayment penalties, and no required mortgage insurance, they’re often some of the most desirable loans for current or ex-military home buyers like you.
In this article, we’ll review the best VA approved lenders in New York and how they can help you on your quest to home ownership.
#1 New York VA Lender: J P Morgan Chase Bank
Chase Bank is a big name both in and out of the home finance industry. Throughout the region, Chase is highly commended by previous clients as being an incredible mortgage lender, who gets the job done as advertised.
Finding a nationally acclaimed bank on a top 5 list shouldn't come as that much of a surprise, but when it comes to mortgage, often times the larger institutions are less willing to go above and beyond for home buyers. Luckily, Chase is the exception.
Chase has countless years of experience with and an impressive volume of VA mortgages under its belt. Home buyers can expect personalized service and readily available advisers while working with the financial giant.
#2 New York VA Lender: Embrace Home Loans, Inc
The team over at Embrace Home Loans really knows how to take the fear out of the mortgage process. They take great pride in their singular focus of providing high-quality and affordable home loans to the home buyers that give them their trust.
Embrace Home Loans is home to loan officers who never withhold options from their clients. Every single step and every single action gets explained in full, and if there are any questions, you can bet they will be answered before anyone signs anything into action.
Dozens upon dozens of past clients have attested to the fact that the loan officers of Embrace home loans truly care about securing a home loan with terms and rates that are satisfactory to the borrower. And they manage to do this without incurring any stress or hold-ups during the mortgage transaction.
#3 New York VA Lender: CrossCountry Mortgage
CrossCountry Mortgage is one of the largest and fastest growing lenders in the United States. Since it was founded in 2003, CrossCountry Mortgage has done its best to meet the rapidly changing needs of the consumer. While it started as simply a small mortgage brokerage, today, CrossCountry Mortgage offers a wide variety of loans, including VA home loans, refinancing, home equity loans, and more.
While the company does have a robust online presence, with applications that can easily be filled out online, it also boasts a strong workforce of mortgage brokers. Its website even has an easy search function that allows potential borrowers to search for a mortgage broker by name or by branch location.
#4 New York VA Lender: Bank of America
A veritable banking giant, Bank of America is typically one of the first places any home buyer would discuss financing a home purchase. Even so, it is incredibly rewarding when such a large company can still focus on the wants and needs of each individual client, and get them the perfect mortgage loan.
Bank of America would not be where it is today if it was lacking in such things as customer care or knowledgeable loan officers. Interestingly, Bank of America is able to combine its impressive clout in the finance industry with personalized consultation, round-the-clock service, and vast resources of both funding and information.
The result? A mortgage transaction that is as painless as one can be, and a mortgage loan that is just the right fit.
#5 New York VA Lender: Loan Depot
As large as Loan Depot has become since its inception, there is no surprise that it would make a list such as this one. Truly a powerhouse when it comes to home finance, Loan Depot is no stranger to VA mortgages and the borrowers who need them.
The loan officers under the employ at Loan Depot are highly knowledgeable and well-trained individuals. Their expertise is shown clearly in the speed and ease of the mortgage transactions they take part in, And their uncompromised goal of providing down to the decimal quotes that hold true through closing, leaving the borrower with no surprises.
Customer service is a big deal for the Loan Depot team, and they typically do not disappoint. Past clients have been stunned by the lower than expected rates and fees, combined with speedy closings.
Shop Around Before You Get a New York VA Loan
Our picks for the best VA lenders in New York may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best VA lender in your area, don't hesitate to contact a home.loans mortgage expert!